I have just been researching Fortress Energy today as it is the number one energy and gas stock on the TSX in terms gaining in share price today (it is ahead of Connacher). During my reading about Fortress I came across the following in its Q2 Press Release on August 14th:

"In light of the current down turn and our view of current market fundamentals, we have undertaken a number of initiatives to assist in improving future profitability:

- Entered into a series of forward sale contracts that result in 4.6 Mmcf/d, being 60% of our current production, receiving an average price of $7.92/mcf until December 31, 2009 and $8.36/mcf until March 31, 2010. " http://www.globeinvestor.com/servlet/story/CCNM.20090814.548584_1/GIStory/

My question today is should Connacher be doing the same thing with it's natural gas production which is currently averaging 12.5 mmcf/d over the first half of 2009 according to Connacher's recent presentation? While Connacher has done a good job with hedging its oil production by instituting swaps and a costless collar, as well as a currency hedge, what is being done about getting a better price for Connacher's natural gas production? Am I wrong in thinking that we should also be doing what Fortress is doing in terms of guaranteeing a better profit on our natural gas production?

Best Wishes; Scott